Chainlink Price Update
Chainlink is down by approximately 1.85% from the previous day, with its price currently hovering around $2.34 USD. Chainlink enters the day 4.41% above its 20 day moving average, but is experiencing its the 2nd straight day down. In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $1.737025 and $2.745375 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
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The market capitalization of Chainlink, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $835 million.
Chainlink’s Surprises of the Day
Yesterday, the metrics transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Straight Off the Chain
Yesterday saw 17,344 transfers amongst holders of Chainlink. In terms of estimating the number of holders, over the past day the total number of wallets holding Chainlink has gone up by approximately 546. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 4 out of the 34 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 91.92%. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 0.98% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.01% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.15%.
Technical Development Status
Chainlink hasn’t had any activity on any of its GitHub repos since October 16, 2019 — 1 days prior. Over the past 30 days, we’ve seen open issues across Chainlink’s GitHub repositories grow by -0.23 per day on average, while the number of watchers has grown by 1.1.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 215 and 31 over the past day for Chainlink. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Chainlink.
Where to Buy
You can trade Chainlink, listed under the symbol LINK, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
